Delaware Small Correlations

Mutual Funds . USA . 
Fund . Delaware Small Cap
DCCIX Fund  USD 31.68  0.29  0.91%   
The current 90-days correlation between Delaware Small Cap and Precious Metals And is 0.03 (i.e., Significant diversification). The correlation of Delaware Small is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Delaware Small Correlation With Market

Weak diversification

The correlation between Delaware Small Cap and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delaware Small Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delaware Small Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Delaware Mutual Fund

  0.95OASGX Optimum Small MidPairCorr
  0.72OASVX Optimum Small MidPairCorr
  0.64OCFIX Optimum Fixed IncomePairCorr
  0.61WASAX Ivy Asset StrategyPairCorr
  0.88WSGAX Ivy Small CapPairCorr
  0.62OCLVX Optimum Large CapPairCorr
  0.95OCSGX Optimum Small MidPairCorr
  0.68OCSVX Optimum Small MidPairCorr
  0.67CXHYX Delaware National HighPairCorr
  0.64WCEAX Ivy E EquityPairCorr
  0.67FTNYX Delaware Tax FreePairCorr
  0.65FTORX First Investors TaxPairCorr
  0.66FTOTX First Investors TaxPairCorr
  0.67DMHIX Delaware Minnesota HighPairCorr
  0.62DMOCX Delaware Tax FreePairCorr
  0.66DMNIX Delaware Tax FreePairCorr
  0.66DMTFX Delaware Tax FreePairCorr
  0.66DMUSX Delaware Tax FreePairCorr
  0.66VAZIX Delaware Tax FreePairCorr
  0.66OIFIX Optimum Fixed IncomePairCorr
  0.75OILGX Optimum Large CapPairCorr
  0.63OILVX Optimum Large CapPairCorr
  0.67VCTFX Delaware Tax FreePairCorr
  0.63DPCFX Delaware DiversifiedPairCorr
  0.65DPDFX Delaware DiversifiedPairCorr
  0.65DPFFX Delaware DiversifiedPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
EPGFX
+ 0.94
UIPMX
UNWPX
+ 0.86
UIPMX
EPGFX
+ 0.81
UNWPX
EPGFX
+ 0.47
GLRBX
GLRBX
+ 0.42
UIPMX
MXKJX
+ 0.16
GLRBX
  
High negative correlations   
UNWPX
- 0.44
MXKJX
MXKJX
- 0.32
UIPMX
EPGFX
- 0.22
MXKJX

Risk-Adjusted Indicators

There is a big difference between Delaware Mutual Fund performing well and Delaware Small Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Delaware Small's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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